Exclusive offer for First Time Buyers

Open a MortgageSaver account and we’ll top up your savings by €2,000.*

At Bank of Ireland we understand the challenges facing First Time Buyers in saving to buy a home. We want to help, with a €2,000 Bonus Interest on your savings when you draw down your Bank of Ireland mortgage.

How to qualify for the First Time Buyer MortgageSaver Bonus Interest:

You must be a First Time Buyer and have a personal current account in the Republic of Ireland.

Save a minimum of €200, maximum of €2,500 per month for at least 6 consecutive months in a MortgageSaver Account. You must save a minimum of €5,000 in total before you draw down your BOI mortgage.

Draw down a Bank of Ireland First Time Buyer mortgage within 30 months of opening your MortgageSaver account.

Use the money saved in your MortgageSaver account to help purchase your first home.

The bonus interest will be a fixed payment of €2,000, once you have €5,000 or more saved in your MortgageSaver account.

Bonus interest will only be paid on one MortgageSaver account on drawdown of the Mortgage.

Please note that to qualify for a First Time Buyer mortgage, both applicants must be First Time Buyers. “First Time Buyer Mortgage” means a mortgage where no party to the mortgage is currently or has previously been a borrower under a Housing Loan, either in Ireland or abroad, where a Housing Loan is defined as a loan secured on residential property where the borrower and /or their dependants intend to live.

*Bonus Interest is subject to DIRT at the prevailing rate and will be paid to your account net of DIRT.
First Time Buyers may be entitled to claim a refund of DIRT. For more information see the Revenue.ie website.
Bank of Ireland cannot take responsibility for information on third party websites.

Bank of Ireland, helping you every step of the way to your new home.

Tips to get Mortgage ready

Mortgage calculators – a great way to understand how much you can borrow and what your repayments might be;

Get information – talk to someone who has been through the process so you can learn what to expect. We have qualified mortgage specialists available across our branches nationwide and over the phone on 1890 365 345. Any of our mortgage specialists will be very happy to talk to you no matter where you are in your planning process – whether you’re hoping to buy shortly or just starting to save.

Find your local branch

Bank of Ireland Group plc is a public limited company incorporated in Ireland, with its registered office at 40 Mespil Road, Dublin 4 and registered number 593672. Bank of Ireland Group plc, whose shares are listed on the main markets of the Irish Stock Exchange plc and the London Stock Exchange plc, is the holding company of Bank of Ireland.

Bank of Ireland is regulated by the Central Bank of Ireland. In the UK, Bank of Ireland is authorised by the Central Bank of Ireland and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request. By proceeding any further you will be deemed to have read our Terms and Conditions and Privacy Statement.